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London, United Kingdom--(Newsfile Corp. - November 27, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), is proud to have been shortlisted for a landmark smart education and digital infrastructure project with an anticipated value of over $400 million for an initial five-year phase, subject to finalizing terms and definitive documentation. This initiative, based in a major investment-grade city in Southeast Asia, marks the beginning of a multi-phase programme, with additional projects that could exceed $2.5 billion in spending over a 15-year period.
The first five-year phase will revolutionise educational ecosystems, integrating cutting-edge digital platforms, advanced AI capabilities and next-generation connectivity to enhance learning experiences and operational efficiency across the region.
Jay Chandan, Chairman and CEO of Gorilla Technology Group, stated, "This opportunity represents a monumental step forward in our mission to enable large-scale, impactful change through technology. By leveraging our unique combined expertise in AI, cybersecurity and digital transformation, we are committed to shaping the future of education and infrastructure in one of the most dynamic regions in the world."
Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla Technology, added, "Our focus is on delivering a smart, secure and scalable platform that redefines how smart educational systems operate in the digital age. This project will showcase the full potential of our AI and IoT technologies, creating a transformative impact on the lives of students, educators and communities."
This milestone underscores Gorilla Technology's growing influence in Southeast Asia and its commitment to fostering innovation and digital equity. The company is actively engaging with the project leadership to finalise terms and progress towards execution in the coming months.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.